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Category: FX Brokers

GlobalPrime Review

GLOBALPRIME Review

GlobalPrime is an ECN Forex Broker domiciled in Australia. Based on 20+ liquidity providers, the broker offers tight spreads, MT4 trading and a free VPS. There are special features and improved trading terms for professional and institutional investors.

» VISIT THE GLOBALPRIME WEBSITE

Here is the GlobalPrimeReview & Rating Summary

◙ GLOBAL PRIME REVIEW

GLOBAL PRIME BASIC FACTS & NOTES			PROS & CONS
ECN FOREX BROKER (NDD)	GLOBAL PRIME TRADING INFO		Compare GlobalPrime with competition
◘ GlobalPrime Asset Index	GlobalPrime offer: ■ 48 Forex Pairs ■ 5 Cryptocurrencies ■ 13 stock indices ■ 18 Commodities	The Forex asset index of GlobalPrime is considerably wide. There are also 13 indices, many commodities, and 5 cryptocurrencies (Bitcoin, Ripple XRP, Bitcoin Cash, Litecoin, and Ethereum).
◘ GlobalPrime typical Spreads / Trading Commissions	ECN STANDARD ACCOUNT GlobalPrimecharge trading commissions $7.0 per round lot ■ EURUSD typical spread is 0.1 pip ■ GBPUSD typical spread is 0.6 pip ■ USDJPY typical spread is 0.4 pip	GlobalPrime uses no dealing-desk (NDD) and the trading spreads are tight. The tested account type is the ECN simple There are improved trading terms for professional and institutional investors
◘ GlobalPrime Maximum Leverage	■ GlobalPrime offers Leverage up to 1:30	30:1 for all account types
◘ Lot Size	■ The minimum lot size is 0.01	The micro-lot (0.01) is very useful for beginners
◘ Automated Trading / Scalping	■ Automated Trading is allowed by GlobalPrime, -YES- ■ Scalping is fully allowed by GlobalPrime -YES-	You can use automated trading, hedging, and scalping. All are fully allowed -Plus, there is the option for API Trading -There is also a free VPS (20 lots monthly volume is minimum)
◘ GlobalPrime Platforms	■ GlobalPrime offers: MetaTrader4, TraderEvolution	The classic MT4 platform, along with the institutional platform TraderEvolution
◘ GlobalPrime Typical Slippage	■ GlobalPrime Slippage is measured less than 1.0 pip	Low slippage on order execution
◘ GlobalPrime Mobile Trading	■ GlobalPrime offers a mobile app for:	Mobile traders for the two popular mobile operating systems
The Company	GLOBAL PRIME COMPANY INFO
◘ GlobalPrime Foundation	■ GlobalPrime was found in 2010	GlobalPrime is owned by Global Prime Pty Ltd
◘ GlobalPrime Headquarters	■ GlobalPrime headquarters are in Australia	Headquarters Address: Suite 604, 35 Grafton Street, Bondi Junction, Australia
◘ GlobalPrime Regulation	■ GlobalPrime is registered with AFSL Australia	GlobalPrime is registered with AFSL Australia (No 385620), VFSC Vanuatu, and FSA Seychelles Client money is held in segregated accounts with Westpac bank
GlobalPrime Accounts	GLOBAL PRIME ACCOUNT INFO
◘ Account Currencies		Open an account in EURO, USD, USD, GBP, CAD, AUD, and SGD
◘ GlobalPrime Deposit Money		Credit/Debit Cards, Bank Wire, Skrill, Neteller, Fasapay, and BPay
◘ GlobalPrime Withdraw Money		The same methods to withdraw your initial deposited funds
◘ US Residents	■ GlobalPrime forbids US Residents as Clients -NO-	Traders coming from the US can't trade with GlobalPrime
◘ GlobalPrime Minimum Deposit	■ The minimum Deposit at GlobalPrime is 200 USD	$200 minimum account requirements, which is ok for semi-advanced traders and above This $200 minimum covers all account types, even the institutional account type However, note that for the institutional account type there is a minimum of 2,000 USD monthly commissions
◘ GlobalPrime Promotions	■ GlobalPrime offers no welcome bonus or other similar promotions	GlobalPrime offers no Bonus or Rebate. Nevertheless, there is a free VPS
	» Open a Real/Demo Account with GlobalPrime

GlobalPrime Review Conclusions

GlobalPrime is an Australian-based ECN Forex broker offering also CFD products from 20+ liquidity providers. Their licenses include ASIC (Australia), VFSC (Vanuatu), and FSA (Seychelles). Client money is held in segregated accounts with Westpac bank. A standard ECN account is provided to all traders depositing as low as $200. Deposits and withdraws can be done via several funding methods, including credit/debit cards, Neteller, Skrill, and Bank Wire. Deposits with credit/debit, Skrill, and Neteller are usually processed very fast, withdraws via cards can take up to 24 hours to process.

The great advantage of trading with GlobalPrime is the very tight spreads they offer. The spread on EURUSD starts as low as 0.1 pip, plus $7 per full traded lot. Note that there are even special features and improved trading terms for professional and institutional investors. Due to their NDD model, all orders are filled fast and the slippage is very low too.

GlobalPrime platforms include the classic MetaTrader-4 for PC and MAC, plus mobile traders for iPhone and Android. There is also an institutional-grade trading platform called TraderEvolution. You can use automated trading, hedging, and scalping and they are providing free VPS hosting for better execution.

The Forex asset index of GlobalPrime is considerably wide including 48 currency pairs, there are also 13 indices, many commodities, and 5 cryptocurrencies (Bitcoin, Ripple XRP, Bitcoin Cash, Litecoin, and Ethereum).

Their customer service is available via phone, email, and live chat 24 hours a day, five days a week. Overall GlobalPrime is a very competitive ECN Forex broker that meets the needs of professional and automated Forex traders. The minimum deposit to start trading is only $200 and that means that every Forex trader can easily enjoy ECN technology and low-cost transactions.

» VISIT THE WEBSITE OF GLOBALPRIME

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